Cyprus property sales up 14% in February

March 26, 2024

In February 2024, the total number of property sales contract deposited at Land Registry offices across Cyprus reached 1,284; an increase of 14% compared to the 1,131 contracts deposited in February 2023, according to official sales statistics published by the Department of Lands and Surveys.

Although sales fell in Famagusta and Limassol by 7% and 5% respectively, these falls were more than outweighed by rises of 47% in Nicosia, 22% in Larnaca, and 17% in Paphos. Property sales achieved in each of the five districts during February as follows:

  • Nicosia – 280
  • Famagusta – 69
  • Larnaca – 247
  • Limassol – 378
  • Paphos – 242

Sales in the first two months of 2024 reached 2,340; an increase of 9% compared to the first two months of 2023 – and the highest number on record since 2008 when 2,940 properties were sold in January and February.

Original Source: Cyprus Property News

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